As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $94,000 cash paid today: $94,000 to be paid in one year; and an annuity of $37,000 to be paid each year for 7 years. What is the present value of the package assuming an interest rate of 11 percent? (Euture Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Valu Annuity of $1) (Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar) Present Value